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Cheney’s Halliburton Made $39.5 Billion on Iraq War

The accounting of the financial cost of the nearly decade-long Iraq War will go on for years, but a recent analysis has shed light on the companies that made money off the war by providing support services as the privatization of what were former U.S. military operations rose to unprecedented levels.

Private or publicly listed firms received at least $138 billion of U.S. taxpayer money for government contracts for services that included providing private security, building infrastructure and feeding the troops.

Ten contractors received 52 percent of the funds, according to an analysis by the Financial Times that was published Tuesday.

The No. 1 recipient?

Houston-based energy-focused engineering and construction firm KBR, Inc. (NYSE:KBR), which was spun off from its parent, oilfield services provider Halliburton Co. (NYSE:HAL), in 2007.

The company was given $39.5 billion in Iraq-related contracts over the past decade, with many of the deals given without any bidding from competing firms, such as a $568-million contract renewal in 2010 to provide housing, meals, water and bathroom services to soldiers, a deal that led to a Justice Department lawsuit over alleged kickbacks, as reported by Bloomberg.

http://www.zcommunications.org/cheneys-halliburton-made-39-5...



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I Love the Video Clip

I love that one video clip of McCain being interviewed. It was prior to his presidential bid. Just as McCain was on camera talking about investigating Halliburton, Cheney called him on the phone. McCain's eye twitched when his assistant interrupted in the interview to tell him that VP Cheney was on the phone.

McCain has never mentioned Halliburton and investigation in the same sentence again. lol

Soldiers

Should get a chunk of that imo.

donvino

Well the old B@#$%rd can't take it with him.

The sooner he is done for war crimes the better.

They did not make it, they grossed it.

But good find. What a rip-off. Our roads and bridges are all falling apart and we have to pay for that kind of nonsense.